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2 days ago | 
bloomberg.com | Sotiris Nikas |Paul Tugwell |Oliver Crook
Kyriakos Pierrakakis, in Brussels, on May 12. (Bloomberg) -- Greece plans to repay loans from its first bailout program 10 years ahead of schedule, Finance Minister Kyriakos Pierrakakis said, a move that’s set to ease the country’s debt burden in the future. “It should be completely behind us by 2031,” he said in an interview with Bloomberg Television from Brussels on Monday. Fiscal prudence is not a policy choice “it’s a regime,” he added.
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1 week ago | 
bloomberg.com | Sotiris Nikas
Die Europäische Zentralbank wird nach Ansicht von Ratsmitglied Yannis Stournaras ihren Zinssenkungszyklus fortsetzen. “Es sieht so aus, als würden wir damit fortfahren“, sagte er. “Aber wir haben gesagt, dass wir bei jeder Sitzung die Daten betrachten und dann entscheiden werden.“
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1 week ago | 
bloomberg.com | Sotiris Nikas
Yannis Stournaras in 2024. (Bloomberg) -- The European Central Bank is set to carry on cutting interest rates, according to Governing Council member Yannis Stournaras. “It seems we will continue” with such moves, he said.
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1 week ago | 
bloomberg.com | Viktoria Dendrinou |Sotiris Nikas
The Athens Stock Exchange building in Athens, Greece. (Bloomberg) -- Qualco Group SA and its owners are looking to raise as much as €98 million ($111 million) through an Athens initial public offering, according to a person familiar with the matter. The Greek fintech company plans to offer shares at a price range of €5.04 to €5.46 apiece as early as next week, the person said, asking not to be identified because the matter is private.
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1 week ago | 
news.bloomberglaw.com | Viktoria Dendrinou |Sotiris Nikas
Qualco Group SA and its owners are looking to raise as much as €98 million ($111 million) through an Athens initial public offering, according to a person familiar with the matter. The Greek fintech company plans to offer shares at a price range of €5.04 to €5.46 apiece as early as next week, the person said, asking not to be identified because the matter is private.
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2 weeks ago | 
bloomberg.com | Sotiris Nikas
Yannis Stournaras(Bloomberg) -- The European Central Bank should proceed carefully with additional cuts in borrowing costs due to the uncertain global environment, Governing Council Member Yannis Stournaras said. “Markets are pricing in further reductions, but I believe that we should be cautious due to the very high uncertainty that prevails,” the Greek central-bank chief told an event in Athens on Tuesday, according to a transcript of his speech.
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3 weeks ago | 
bloomberg.com | Sotiris Nikas
Greek Prime Minister Kyriakos Mitsotakis announced permanent government handouts and investments that exceed €1 billion ($1.1 billion) after beating last year’s budget goal. The budget surplus last year was equivalent to 1.3% of its gross domestic product, according to data released by Eurostat Tuesday. That compares with a deficit target of 0.7% and places Greece in a very small group of European peers with a positive budget balance.
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1 month ago | 
bloomberg.com | Sotiris Nikas
The tariffs announced by the US administration are expected to “negatively influence the euro-area’s GDP growth rate with a first estimate of the order of 0.3% to 0.4% in the first year,” European Central Bank Governing Council member Yannis Stournaras tells Bloomberg News.
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1 month ago | 
bloomberg.com | Sotiris Nikas |Paul Tugwell
Greece will spend €25 billion ($27 billion) on defense through 2037, Prime Minister Kyriakos Mitsotakis said Wednesday as he unveiled his government’s 12-year strategy to boost military capabilities. The new plan, which will shape Greece’s defense capabilities in the medium term, comes as nations across Europe are seeking to ramp up military spending in the face of Russia’s continued aggression in Ukraine and a pullback of US security on the continent.
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1 month ago | 
bloomberg.com | Sotiris Nikas |Viktoria Dendrinou
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